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Oswego Clay Pipe Company sold $46,600 of pipe to Southeast Water District #45 on April 12 of the current year with terms 4/15, n/60. Oswego

Oswego Clay Pipe Company sold $46,600 of pipe to Southeast Water District #45 on April 12 of the current year with terms 4/15, n/60. Oswego uses the gross method of accounting for sales discounts. What entry would Oswego make on June 10, assuming the customer made the correct payment on that date?

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Cash 46,600
Accounts receivable 44,736
Sales discounts forfeited 1,864
Cash 48,464
Accounts receivable 46,600
Sales discounts forfeited 1,864
Cash 46,600
Accounts receivable 44,736
Discounts receivable 1,864
Cash 46,600
Accounts receivable 46,600

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